VANCOUVER, April 15, 2013 /PRNewswire/ - Western Pacific
Resources Corp. (the "Company" - WRP: TSXV) is pleased to
report that it has paid Deer Trail Mining Company, LLC ("DTMC") a
second deposit of $250,000 in
accordance with its acquisition agreement with DTMC and Unico, Inc.
(announced in the Company's news release of February 26, 2013).
The closing of the acquisition of the Deer Trail
Mine, which is located in Piute County,
Utah, is expected to occur on or before May 24, 2013. Closing is subject to
customary closing conditions, including the acceptance of the TSX
Venture Exchange.
About Western Pacific
Western is focused on advancing a strong
portfolio of advanced-stage projects in the Western United States, including the permitted
Deer Trail Mine, Piute County,
Utah. Western's team is led by technical and financial
experts who aim to succeed in creating shareholder value. For
more information, please visit our website at
www.westernpacificresources.com.
ON BEHALF OF THE BOARD
Warwick Smith, Chief Executive Officer
Neither the TSX Venture Exchange nor the
Investment Industry Regulatory Organization of Canada accepts responsibility for the adequacy
or accuracy of this news release.
This news release contains forward-looking
information, which involves known and unknown risks, uncertainties
and other factors that may cause actual events to differ materially
from current expectation. The ability of the Company to
successfully complete the DTM acquisition on time or at all and the
Company's ability to successfully place the acquired assets back
into production are subject to various risks and other factors,
including the risks of obtaining necessary licenses and permits to
place the DTM assets back into production, diminishing quantities
or grades of reserves; the availability of funds, the results of
financing and exploration activities, political or economic
developments in the jurisdictions in which the Company carries on
business; operating or technical difficulties in connection with
development or mining activities; employee relations; availability
and costs associated with mining inputs and labor; the speculative
nature of exploration and development, the interpretation of
drilling results and other geological data, risks associated with
the estimation of mineral resources and the geology, grade and
continuity of mineral deposits, project cost overruns or
unanticipated costs and expenses. Such risks and other factors
(which are also disclosed in the Company's documents filed from
time to time on SEDAR at www.sedar.com) may cause actual results to
differ materially from the Company's expectations.
Readers are cautioned not to place undue
reliance on these forward-looking statements, which speak only as
of the date of this news release. The Company disclaims any
intention or obligation, except to the extent required by law, to
update or revise any forward-looking statements, whether as a
result of new information, future events or otherwise.
SOURCE Western Pacific Resources Corp.